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in the local economy by my parts. every person who works on my product is going to raise the price of my product. every hand that touches the unit that i sell, a certain percentage of the company buys this products. every time i go to a vendor to get a part, my costs will increase. my competitor build a similar part for almost a third of what i build a mine. you will take away the factory workers who manufacture my parts. this is all usa jobs. lower the price of gas. back to two bucks a gallon and you won't have to worry about the minimum wage. host: how would an economist pre-minimum wage respond to that caller? guest: you are raising the cost of that worker to that business. that worker will have more money to spend. you can make more profits. you can pass the cost to people who are buying your goods by raising prices. raising the minimum wage has an effect on the economy. the question -- if there is a chance it would raise unemployment or perhaps put a business in the red. host: michelle, tacoma, washington. caller: i just realized our state is one of the higher states with minimum w
. ai joins us from the business desk. >> major economies embark on similarly bold monetary easing measures just as japan. it works to weaken all of their asor japan a report from the international monetary fund dismisses worries that japan's monetary easing could lead to a global currency war. the concerns are overstated. the report states the recent move in the currency market is correcting the excessively strong yen. it says recent market moves reflect the fundamentals of the global economy. imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some concerns aut the falling yen. japan's representatives faced a policy review at the world trade organization in geneva. wto members generally welcomed japan's economic program. they said th
't remember that. >> they are not fair and they will hurt our economy and add hundreds of thousands of americans to the unemployment rolls. >> steve: no wonder he doesn't want to take credit for it. new blame game. >> brian: how much does this woman love president obama. so much so voted them for six times. fox and friends starts now. >>> fox and friends, brian, welcome back. where did you do go and did you miss us? >> first off the chinese hacked my blackberry i can't open up any of my emails. i should have put the back on first. >> steve: see if it works? >> gretchen: i thought that congress' approval waiting went up 15%. all right. in the meantime, as he fixes his blackberry let's get positive to a developing story. stay tuned on to fox and friends report. >> they are charging pre-med dated murder. they found steroids in his home. good morning, amy. >> investigators say they found two boxes of steroids and needles in oscar pistorius' home. a sigh, a real sigh went across the courtroom and then the defense says those were actually herbal remedies. then another explosive moment in
industries and economies, the world's largest trade mostly predictable ally and always dependable friend. but some major changes on the horizon could present new challenges for the relationship. let's begin with energy. right now nearly all of canada's oil and gas exports are to the united states. that represents about 10% of u.s. energy needs. but that's about to change. neutrally technologies have unlocked new supplies of crude oil and natural gas from previously unreachable reservoirs across the u.s.. >> after years of talking about, we are finally poised to control our own energy future to disconnect some experts predict the united states will be energy independent by the year 2035. how will that affect canada's 40 billion-dollar oil bench and what will energy independence and for u.s. foreign policy? and what does it mean for pipelines? the canadian government is anxiously awaiting a decision from the white house on the proposed keystone xl pipeline. it would carry out the oil sands nearly 2,000 miles to refineries on the u.s. gulf coast. the secretary of state john kerry who has lo
to do with a rotten economy. older adults are staying in the work force longer any younger adults staying out of the work force longer because they cannot get into it. host: if you don't have a retirement, there is this option -- norman is joining us from maryland, 45 years old. how much have you saved so far for your retirement? caller: first, thanks for having an article on this subject. i have been waiting for this opportunity. i have $2,800 in my 401k plan. i am wanting your opinion for people my age. i was born in 1968. it seems we are at the tail end of the pension plans and profit- sharing and at the front end of all the financial crises in the country. people my age, it seems we were never able told the 10% we were told, the city to hold 10% your entire working life for your retirement. between jobs and layoffs -- and i have always been fortunate to make as much as college graduates, but between the jobs and layoffs throughout my work life and the clinton era taxes and everything -- i'm not blaming him, i thought he was a good president even though i am a republican, i jus
to happen. the impact on the economy would be terrible for american families. we don't want it. we think it is bad policy. it was designed to be bad policy. that was the whole point. the sequester was written in a way that would assure that congress would never let it happen. >> by putting it off, it could work to your advantage perhaps? >> i think you're misunderstanding or maybe we're not doing a good enough job trying to convince you. we support efforts in congress to buy down the sequester but they should come back and do it tomorrow or come back next week. buy it down so the sequester does not have an immediate effect and congress can get back to work and we can get that $4 trillion in deficit reduction that analysts have called for. we've been working for that. up to $2.7 trillion in deficit reduction has been achieved thus far. our deficit is coming down but we need to do more work to make sure that process continues. that's what we want, that's what the president wants. >> i have a question about cyber crime among other things. what can we expect? >> i think if you're talking a t
soon enough. we have more from hanoi. >> reporter: vietnam's economy is racing ahead. but not everybody is moving forward. streets in hanoi are full of cars and motor bikes. across the country, factories pour harmful substances into the environment. this river running through the capital is dangerously contaminated. harmful chemical readings are 30 times higher than the maximum alould allowed by the government. people living down stream are suffering the consequences. this man and his wife while born and raised in this village. they are farmers who survive by growing rice and other crops. his legs are the result of years walking in the rice patties. a government investigator told him chemicals are in the water to blame. >> translator: the water i fill my patties with is black. my legs itch from working in the rice fields. water shouldn't be black. but i have no choice but to use that terrible water for farming. >> reporter: he worries about pollution. a new deal originating in japan is gaining public attention. the japan international cooperation agency is encouraging japanese companies
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to the republicans and say this is not going to be good for the economy or ordinary people, but i don't know if they're going to move and that's what we're going have to keep trying to push over the next seven to eight days. and senator mcconnell said, three months after the election, president obama still prefers campaign events to common sense bipartisan action. not a whole lot of hope in those comments. >> it depends on who you listen to at this point. >> it's a mess either way. >>> moving on to this now. president obama meets at the white house today with japan's new leader, prime minister shinzo abe arrived in washington last night poised to discuss economic ties and security concerns, including the latest threats from north korea. abe is also looking to reinforce the u.s.-japan alliance. he's the fifth japanese prime minister during president obama's time in office. >>> after a bitter political fight, chuck hagel now has enough votes to become the nation's next defense secretary. support from long-time republican senator richard shelby put hagel over the top. shelby says "he's probably as good
the economy and our national security. basically she's cuts could affect our economy and our national security, that is what we're told by the two men on your screen. this is unless lawmakers reach a deal first. so right now the blame game is kicking into high gear in washington. one of the questions is the blame game is happening, what about anything that is going to lead towards compromise? we'll take a closer look at that. plus the disappearance of washington intern chandralevy captured the nation's attention. what court documents are now saying about the man accused of killing her. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. n in washingtonhere is a blame right now over the automatic spending cuts set to go into effect less than two weeks from now. house speaker john boehner in a "wall street journal" editorial writes, president obama invented the sequester saying he came up with the plan for de
the american economy that is both unwelcome and unnecessary. it is an across-the-board cut in spending that some estimate will cost us 750,000 american jobs. >> congressman andrews said that often catastrophes are unavoidable. this one, he said, is completely avoidable. >> shepard: of course it is. it is this bunch of people in washington on the both sides of the aisle who say, if we don't get something done by this date, sequester kicks in. you now hey they decide to stop sequester? decide it doesn't have to kick in. >> leading republicans say they're open to a compromise on spending but saying no more new taxes. the president obama called for a balanced approach and the outcome was tax increases, cantor says, quote, president obama says unless he gets a second tax hike in eight weeks he'll be forced to let criminals loose on the streets, and emergency responders will be unable to do their jobs. these are false choices. we're faced with the negative effects of the sequester because democrats have not been able to take even the smallest step toward controlling spending. republicans say
, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney pointed to the grand bargain mr. obama failed to reach with house speaker john boehner two careers ago. >> when you ask where's the president's plan, it's been there. it's at >> a budget plan for the long term, where is -- >> the president -- >> the president take the lead and -- >> first of all, congress has to act. >> reporter: less than two months since the fiscal cliff that resulted in tax increases on wealthy americans. boehner notes the idea for the automatic cuts originated in the white house adding mr. president, we agree that your sequester is bad policy. what spending are you willing to cut to replace it? th
. the feds say cyber attacks are threatening our national security and they're threatening our economy. the white house now is taking action. plus, one woman accused of stabbing her former boyfriend 27 times finally testifies about the killing. you are about to hear from jodi you are about to hear from jodi airias coming up inside the fox report so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard a
. these are harmful cuts with real world consequences that will cost jobs and hurt our economy. >> reporter: the point is the white house now trying to push back, make the political argument of their own that this is going to be really harmful, it's going to hurt the public, there will be long lines at airports. some flights will be canceled, tours shut down for periods of time to deal with the budget cuts. the conservatives have been saying this is a small part of the federal budget and some of the cuts may not be as dire as the white house is playing it out to be. jon: interesting when you break it all down. jenna: ray lahood was talking about the nation's airports in relation to sequester. an airport in cleveland, breaking news, a plane off the runway there, harris? >> reporter: it's hopkins international. it's very slick there. we can take a live look now from our fox affiliate in the cleveland area. we do know that this plane may have hit the slippery conditions. there is a mix wintry precipitation that is falling right now. reports are that united airlines flight has landed already at the airpor
Search Results 0 to 20 of about 21 (some duplicates have been removed)